1 Lack of discipline to properly do the research on the past prices of cryptocurrency.
2 Possibly you get into a rush and buy high, then panic and sell low.
3 Failure to fully learn how to place orders on exchanges.
4 Going all in and not having a cash cushion to “buy the dip.” Thus paying to much and missing an opportunity to dollar cost average.
5 Sending your cryptocurrency to a wrong address.
6 Failure to learn how to read charts.
7 Getting greedy and not taking a profit or loss.
8 Not following your gut instinct.
9 Trading with money you can’t afford to lose.
If you really want to make money trading cryptocurrency, then you will need to use all the tools at your disposal. Start slow and work your way up to bigger trades. Maybe you decide your not into day trading and just want to hold for the long term.
Above all, have Fun!